3225 MINNEHAHA PKWY E MINNEAPOLIS MN 55417

PID: 1802823230146

Property Overview

Parcel ID1802823230146

Lot Size40,628 sq ft (0.933 ac)

Lot Dimensions (est.)207 ft wide × 196 ft deep

Year Built1940

Property ClassAPARTMENT

Owner3225 MINNEHAHA LLC

Assessed Value$3,742,000

Land Value$360,300

Building Value$1,847,500

Annual Tax$47,681

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

17 permits on record since 2017 · Most recent: Aug 2026 (remodel)

RemodelAug 2026Closed

—

Core Contracting LLC

RemodelJul 2026Cancelled

—

DEVELOPMENT COORDINATOR II JENNIFER A THORESON

Commercial MinorJul 2026Inspection

—

City Master Co

Commercial MinorJul 2024Expired

—

Warners Stellian Co Inc

RemodelJul 2023Closed

—

Concrete and Foundation Solutions LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Keewaydin · Minneapolis

Median reported rent1,481/mo

Renter-occupied13.7%

Median home value$353K

Vacancy rate3.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 118

Market Snapshot

Zip code 55417

Median sale price$390K+0.0% YoY

Median price / sqft$253/sqft

Median days to close13 days

Active listings29

Source: Redfin Data Center (Invalid Date) · Zip 55417

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width194 ft

Buildable depth156 ft

Area~30,361 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 30,361 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3205 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	KIMBER K NELSON/D V BORDERS	RESIDENTIAL	$539,400	128 ft
4818 33RD AVE S MINNEAPOLIS MN 55417	NICOLE TERESE HEPPELMANN	RESIDENTIAL	$366,600	136 ft
4822 33RD AVE S MINNEAPOLIS MN 55417	J E HUTTON & R M BROWNE	RESIDENTIAL	$400,900	175 ft
4803 32ND AVE S MINNEAPOLIS MN 55417	SARAH A KOSCHINSKA ET AL	RESIDENTIAL-TWO UNIT	$504,400	181 ft
4819 32ND AVE S MINNEAPOLIS MN 55417	B J CARPENTER & H T VAN HEEL	RESIDENTIAL	$380,100	190 ft
4811 33RD AVE S MINNEAPOLIS MN 55417	SEAN CULLEN & KELLY PETERSON	RESIDENTIAL	$307,100	196 ft
3301 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	R N KANNAS & C M KANNAS	RESIDENTIAL	$333,400	197 ft
4826 33RD AVE S MINNEAPOLIS MN 55417	M PARKINSON & B CURLEY	RESIDENTIAL	$342,900	214 ft
4823 32ND AVE S MINNEAPOLIS MN 55417	OLAF LAKIN/CATHLEEN DRILLING	RESIDENTIAL	$433,200	220 ft
3305 E MINNEHAHA PKWY MINNEAPOLIS MN 55417	ALLISON SAWYER/DAVID TAYLOR	RESIDENTIAL	$597,900	242 ft

Property History

Current Tax Year

Year2026

Tax Due$47,681